Winnipeg, (MarketsFarm) – Canadian pea and lentil production failed to live up to earlier projections, according to the latest survey data from Statistics Canada. While both crops are still forecast to be above their year-ago levels, the tightening supply expectations should underpin prices. Canada’s 2019/20 lentil crop was pegged at 2.17 million tonnes in the […] Read more
Stories by MarketsFarm
Canola drops amidst sagging oil complex
WINNIPEG, (MarketsFarm) – Intercontinental Exchange (ICE) Futures canola contracts finished lower on Monday, following pricing trends set last week. Canola values were dragged down by lower prices for Malaysian palm oil and soybeans on the Chicago Board of Trade. One trader said “the shine has come off of the vegetable oil complex.” Canola prices have […] Read more
Firm Western Canadian feed market leveling off
Winnipeg, (MarketsFarm) – Logistics issues moving grain where it needs to be in Western Canada continue to prop up feed prices, but the market is starting to level off, according to a broker. “We are seeing a bit of a shortage of trucks,” said Tracy Green of Market Master Ltd. in Edmonton, adding “things are […] Read more
Canola stays within range; wheat up due to higher exports
WINNIPEG, (MarketsFarm) – Intercontinental Exchange (ICE) Futures canola contracts finished lower on Friday, amid quiet trading activity due to the Thanksgiving holiday. One trader said canola is “chopping up and down” in a range due to the quiet activity in United States commodity markets. Canola is expected to remain range-bound into the New Year, with […] Read more
Geopolitics back dominating global relations
Saskatoon, Nov. 28 (MarketsFarm) – Geopolitics is again shaping the international scene, including China, Jacob Shapiro explained on Nov. 27 at the Grain World conference in Saskatoon, Sask. Geopolitics resulted in catastrophic global wars and generated very little peace for close to a century. The Director of Analysis for Geopolitical Futures, Shapiro said the concept […] Read more
Canola futures bounce back
WINNIPEG, (MarketsFarm) – Intercontinental Exchange (ICE) Futures canola contracts finished higher on Wednesday, recovering from losses earlier in the week. One Winnipeg-based trader said canola was “due for a bounce” after incurring losses over several days. Canola prices are expected to be mostly range-bound for the next few weeks. The price rebound was supported by […] Read more
CBOT soybeans/corn stuck waiting on trade news
Winnipeg (MarketsFarm) – Soybean and corn futures at the Chicago Board of Trade remain in a holding pattern, waiting for concrete news on ongoing negotiations between the United States and China. Activity during the last week of November was slowing down as traders moved to the sidelines ahead of the U.S. Thanksgiving holiday, with attention […] Read more
FCC report sees opportunities for pulse exports
WINNIPEG (MarketsFarm) – The Farm Credit Corporation (FCC) released its report titled Diversifying Canada’s agriculture exports on Tuesday, which included pulses. The 16-page report also looked at some of the pros and cons to diversifying Canada’s wheat, canola and soybeans. “Canada has done extremely well in establishing strong trade relations in a number of key […] Read more
Canola futures drop again
WINNIPEG, (MarketsFarm) – Intercontinental Exchange (ICE) Futures canola contracts finished lower on Tuesday, following trends set earlier in the week. Prices began the week lower, pressured by the weeklong CN Rail strike. The strike was said to be Canada’s longest railwork stoppage in a decade. However, CN Rail announced on Tuesday morning that some workers […] Read more
Canadian canola crush posts new monthly record
Winnipeg (MarketsFarm) – Canadian oilseed processors set a new monthly record in October 2019, crushing 882,301 tonnes of canola during the reporting period, according to the latest data from Statistics Canada. The crush pace was up by 114,000 tonnes from the previous month and compares with the year-ago October crush of 786,770 tonnes. The previous […] Read more
